Public Employees Retirement System of Ohio raised its position in shares of NACCO Industries, Inc. (NYSE:NC) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,562 shares of the company’s stock after purchasing an additional 355 shares during the period. Public Employees Retirement System of Ohio owned 0.08% of NACCO Industries worth $394,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wells Fargo & Company MN lifted its position in shares of NACCO Industries by 2.1% during the second quarter. Wells Fargo & Company MN now owns 3,304 shares of the company’s stock worth $234,000 after acquiring an additional 67 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of NACCO Industries by 15.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,560 shares of the company’s stock worth $252,000 after acquiring an additional 467 shares in the last quarter. IndexIQ Advisors LLC purchased a new stake in shares of NACCO Industries during the second quarter worth $481,000. Nationwide Fund Advisors lifted its position in shares of NACCO Industries by 10.9% during the second quarter. Nationwide Fund Advisors now owns 7,119 shares of the company’s stock worth $504,000 after acquiring an additional 700 shares in the last quarter. Finally, Teachers Advisors LLC lifted its position in shares of NACCO Industries by 5.3% during the second quarter. Teachers Advisors LLC now owns 7,540 shares of the company’s stock worth $534,000 after acquiring an additional 381 shares in the last quarter. 49.33% of the stock is owned by institutional investors and hedge funds.
Shares of NACCO Industries, Inc. (NYSE NC) opened at $43.45 on Tuesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 3.80 and a quick ratio of 3.09. NACCO Industries, Inc. has a 12-month low of $14.20 and a 12-month high of $44.29. The stock has a market capitalization of $295.75, a price-to-earnings ratio of 7.21 and a beta of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.165 per share. This is an increase from NACCO Industries’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.66 dividend on an annualized basis and a yield of 1.52%. NACCO Industries’s dividend payout ratio (DPR) is presently 32.10%.
NC has been the topic of several recent research reports. BidaskClub downgraded NACCO Industries from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. TheStreet downgraded NACCO Industries from a “b-” rating to a “c” rating in a research report on Monday, July 31st.
About NACCO Industries
NACCO Industries, Inc is a holding company. The Company’s principal business includes mining. The Company operates through the NACoal segment. The Company’s subsidiary includes The North American Coal Corporation (NACoal). The Company’s NACoal segment mines coal for use in power generation and provides mining services for other natural resources companies.
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